News

ROANOKE, Va., May 20, 2010 –Luna Technologies, a division of Luna Innovations Incorporated (NASDAQ:LUNA), today announced the launch of its Optical Backscatter Reflectometer(TM) 4200 (OBR 4200), a new generation, portable, ultra-high resolution reflectometer offering advanced inspection and diagnostic capabilities to manufacturers and installers of fiber optic assemblies and short networks. The OBR 4200 offers 1000x higher resolution than the Optical Time Domain Reflectometer (OTDR) and offers an unprecedented combination of resolution and sensitivity for the first time in a portable instrument.

Optical fiber infrastructure is being deployed more rapidly and widely than ever before in applications where the total optical fiber length is relatively short (<500 m). Applications of short-run fiber systems include telecommunications and data networking, commercial and military avionics, medical imaging systems, and fiber sensing applications for monitoring of infrastructure such as bridges, dams and oil pipelines.

Luna’s OBR 4200 ultra-high resolution reflectometer is available now and will begin shipping in June.

Development of the OBR 4200 began with a joint project between Luna and the Naval Air Systems Command (NAVAIR) under a small business innovation research (SBIR) grant aimed at developing measurement technologies better suited for field support of fiber optic systems within the Naval fleet of aircraft and marine vessels. “We view the introduction of the OBR 4200 as an example of how successful our SBIR programs can be in support of critical infrastructure needs,” said Mike Hackert, NAVAIR program sponsor and AMC&D Production Engineer. “This product should have substantial impact on improving the maintenance and supportability of fiber optics in the fleet.”

Initial applications of the OBR 4200 instrument include total fiber system quality control to ensure component performance and network uptime; insertion and return loss verification for fiber cables, connections, components and splices; and high-resolution fault location and failure analysis to determine bend, break, bad splice and bad connector points.

Highlights of the OBR 4200 device include:

Portable, battery powered operation with Panasonic Toughbook(R)

Fault discrimination with better than 3 mm event resolution

Measure networks up to 500 m in length with no dead-zone

Rayleigh-level sensitivity down to -120 dB over entire measurement range

Additional information about the OBR 4200 instrument is available on Luna Technologies’ recently updated Web site at www.lunatechnologies.com.

About Luna Technologies:

Luna Technologies, a division of Luna Innovations Incorporated located in Blacksburg, Virginia, manufactures and markets test and measurement equipment and integrated sensing solutions. Luna Technologies’ products are used for test, measurement and sensing in telecommunications, manufacturing, power generation and distribution, down-hole oil and gas, aerospace and defense applications. The award-winning products are sold and distributed throughout North America, Europe, the Middle East and Asia.

Forward Looking Statements:

This release includes information that constitutes “forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements regarding, but not limited to: product capabilities, infrastructure deployment, technological attributes, and customer use. Statements that describe the Company’s business strategy, goals, prospects, opportunities, outlook, plans or intentions are also forward looking statements. Actual results may differ materially from the expectations expressed in such forward-looking statements as a result of various factors, including risks and uncertainties set forth in the company’s periodic reports and other filings with the Securities and Exchange Commission. Such filings are available at the SEC’s website at http://www.sec.gov, and at the company’s website at http://www.lunainnovations.com. The statements made in this release are based on information available to the company as of the date of this release and Luna Innovations undertakes no obligation to update any of the forward-looking statements after the date of this release.